From presentation on 22nd24 Feb 2022 14:18
Placing was required to ensure we secure the 27% ownership due to obligation to pay as soon as 20% is vested.
FOB Cost $22/t Premium product $160/t $30/t shipping Est $100-$90/t gross profit at current prices ($530,000,000 - $477,000,000).
Advancing talks with Great panther to potentially add resource and extend mine life towards 25 years.
Capex per tonne requirement around 1/3rd of similar new-build mines in Brazil.
PFS going really well, rapid progress being made